$Mag: how it died

Mag Screenland · Solana memecoin · checked 2026-11-03 19:28 UTC

First-second buyers cashed out

$Mag lost 99.1% of its value from a high of $194.8K.

6 wallets that bought in the first moments made $10.9K, 71% of all the profit. They got in before nearly anyone else, then sold to the people who came later.

The biggest winner sold in 8 portions over 5 min, the biggest $5.1K.

$11.9Klost by 54 wallets

$15.4Kmade by 11 wallets

75%of that profit went to the top 3

Next time: Check how much of a coin was bought in its first seconds. The more they hold, the harder the fall when they sell. Learn more

The rise and fall

$183.0Kearly on$194.8Khigh, 4 min in$1.7K42 min in

Market cap = the coin's price × all its coins. It's what the coin looks worth, not money anyone can actually take out.

Who made the money

Winners came out $15.4K ahead in total. Here's who that was.

First-second buyersBought in the first moments, before most people could see the coin$10.9K71% · 6 wallets

The creatorThe wallet that made this coin$2.3K15% · 1 wallet

Wallets with free coinsSold coins GORZ never saw them buy, so the coins were probably sent to them$2.2K14% · 4 wallets

How the biggest winners sold

The biggest winners sold within the same 10 seconds 9 separate times, up to 5 of them at once.

#1 First-second buyer +$5.8K

#2 First-second buyer +$3.5K

#3 Creator +$2.3K

#4 First-second buyer +$1.4K

#5 Sold without buying +$1.3K

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How to read it: each line is one of the biggest winners, from the coin's first trade on the left. Each dot is one sale, and a bigger dot is more money. Dots at different times look like separate people deciding on their own. A red line marks 2 or more of them selling within the same 10 seconds. Most dead coins have a moment like that, often when the price starts to slide and trading bots sell at once. It stands out more when the same wallets keep lining up, sale after sale. GORZ can see the timing, not who owns the wallets.

1 of the 5 biggest winners sold a bit at a time. That keeps the price from dropping all at once, so new buyers keep coming in while it happens. Selling everything in one go hits the price harder.

ghzq…p3doFirst-second buyer+$5.8Kput in $804, took out $6.6K

Sold in 8 portions over 5 min, the biggest $5.1K

2ntu…DfT1First-second buyer+$3.5Kput in $594, took out $4.1K

Sold in 7 portions over 2 min, the biggest $2.9K

9tJd…CvHKCreator+$2.3Kput in $51, took out $2.4K

Sold in one go

AfNa…w4Y1First-second buyer+$1.4Kput in $1.2K, took out $2.6K

Sold in 9 portions over 8 min, the biggest $679

BnBr…KRarSold without buying+$1.3Kput in $0, took out $1.3K

Sold in one go

Counted from the trades GORZ captured. One person can run many wallets, so a group's real share can be bigger than it looks. A pattern in public on-chain data, not a claim about who owns any wallet.

What happened, step by step

Recorded as it happened. ↗ opens the transaction on the blockchain.

In the first minuteThe coin was created. ↗
In the first minute9 wallets bought in the first seconds and got about 69.5% of all the coins. All of them bought in the same instant the coin was created, which takes planning.
In the first minute9 wallets bought 69% of the supply in the first 3 seconds. Buying this much this fast rarely happens by chance.
In the first minuteThe creator bought their own coin. $51 total · now holds ~1.9% of supply. ↗
In the first minuteIt left its starting curve and moved to a public trading pool. Many buyers treat this as a good sign, so it often brings a rush of new money.
In the first minuteA big buyer came in with $1.2K. ↗
In the first minuteA big buyer came in with $2.3K. ↗
In the first minuteA big buyer came in with $2.2K. ↗
In the first minuteA big buyer came in with $2.3K. ↗
10 min inA big buyer sold everything, and lost $1.7K. ↗
10 min inA big buyer sold everything, and lost $2.2K. ↗
10 min in27 wallets sold in the same second (about $13,120). People don't line up that exactly by chance, so it's usually bots or one operator. It happened 2 times.
30 min inIt was down 90% from its high: $197.8K to $1.7K market cap. ↗

Did GORZ see it coming?

☠ Risky · 65/100

Yes. A few minutes after launch, GORZ rated it Risky.

The warning signs

Snipers: 9 wallets bought within 3 slotsFast bots grabbed coins before regular people could, usually to sell them straight back.

Bundled supply: 69.5% bought in the creation slotA big share was bought the moment the coin went live, before anyone else had a chance. Those buyers can sell into everyone who comes later.

Bundle tool: 9 wallets bought 69% in the first 3 seconds

Team bundle: The creator's own team bought 66.8% of supply at launch with 8 wallets (outside snipers not counted)

Have they done this before?

The creator wallet: GORZ has results for 1 other coin from this wallet. 1 of them died within an hour.

A pattern in public on-chain data, not a claim about who owns these wallets.

What these words mean

Creator: The wallet that made the coin. You'll often see it called the "dev".
Sniper or first-second buyer: A wallet, usually a bot, that buys in the first moments of a launch.
Bundled launch: Several wallets buying in the same instant the coin is created. It takes planning, so it's often the people behind the coin.
Market cap: The coin's price × all its coins. A $50K market cap doesn't mean $50K can be taken out.
Graduated: The coin sold enough on its starting curve to move to a public trading pool.
Lost and made: Money in compared with money out for each wallet. Coins still held count as worth nothing, because the coin is dead.
Died: Within an hour of GORZ's check, it fell 80% or more, or trading stopped while it was worth almost nothing.

How players called it

Nobody called this one. New coins show up in Rug or Rocket every few minutes.

📈 Live chart & safety ☠ Call new coins 🕹 Arcade

Contract: GjmcQ8YDZAcWUHFGu7KZcXtKe8gFEhDxybhNfSzzpump

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